New Stock News | JoulWatt Technology Plans to List on Hong Kong Stock Exchange. The China Securities Regulatory Commission requests additional information regarding the specific establishment and disclosure of JoulWatt Technology's Hong Kong Limited.

On August 22, the China Securities Regulatory Commission issued the "Supplementary Materials Requirements for Overseas Issuance and Listing (August 15, 2025 - August 21, 2025)", and the International Department of the CSRC issued supplementary material requirements to three companies. Among them, JoulWatt Technology was required to supplement explanations on the company's basic situation, the specific establishment of JoulWatt Technology Hong Kong Limited, and disclosure matters. It is reported that on May 30, 2025, JoulWatt Technology submitted an application for listing to the Hong Kong Stock Exchange, with CITIC SEC as the exclusive sponsor. The CSRC requested JoulWatt Technology to provide explanations on the following matters, and requested lawyers to verify and provide clear legal opinions: 1. Regarding the company's basic situation: (1) Please explain the historical evolution of the company from its establishment to the overall change to a limited company, and provide a clear conclusive opinion on whether the equity changes during this period were legal and compliant; (2) Please explain the relevant information about the company's shares held in China in accordance with the "Regulatory Rules Application Guidelines - Overseas Issuance and Listing No.2". 2. Regarding the company's overseas subsidiaries, please explain: (1) The specific establishment and disclosure of JoulWatt Technology Hong Kong Limited; (2) Provide clear basis for the fact that the failure of JoulWatt Technology Hong Kong Limited to carry out overseas investment filing procedures and foreign exchange registration procedures does not constitute a major violation; (3) Progress of the dissolution of JoulWatt Technology Hong Kong Limited. 3. Please explain whether the business scope and actual business operations of the company and its subsidiaries involve areas prohibited or restricted to foreign investment according to the "Special Management Measures for Foreign Investment Access (Negative List) (2024 Edition)". The prospectus shows that JoulWatt Technology is committed to becoming a leader in the global analog integrated circuit industry. The company has a complete core technology architecture covering processes, integrated circuit design, and system definition. The company's product portfolio mainly includes power management integrated circuits and signal chain integrated circuits. As of December 31, 2024, the company offered approximately 2200 integrated circuit product models for sale, including over 2000 power management integrated circuit models. According to data from Frost & Sullivan, the company had reached an industry-leading level in terms of the number of power management integrated circuit models in 2024.